Audit reveals $7,800 missing
CHARLES D. HATFIELD JR.
The ELlis County Press
RED OAK – A recent audit by Director of Finance Kitty Bailey-Bade, CPA, revealed approximately $7,800 was missing from city funds.
Newly appointed City Manager Eric Thompson, aided by the director of finance and the city secretary, recently initiated the audit of the city administration department.
One employee was terminated as a result.
According to city officials, they plan to prosecute the individual or individuals involved in the theft.
Investigators from the Red Oak Police Department are collecting all available evidence.
The evidence will be submitted to County/District Attorney Joe Grubbs to determine if sufficient evidence is available for prosecution.
Thompson specifically commended Kitty Bailey-Bade for uncovering the criminal activity.
Mayor Alan Hugley said discovery of this unlawful activity is a further indication of the professional abilities of recently hired directors of the city.
The mayor emphasized the intent of council to entrust the future of the city to only the most qualified professionals and expressed his gratitude to the new city "manager and to the new director of finance for uncovering this impropriety."
Councilman Ben Goodwyn said the city employees are bonded and the citizens of Red Oak will not loose the stolen money.
"When the investigation is complete and the final amount of missing money is determined, we’ll file a claim with the bonding company, " he said.